{"id":1050,"date":"2014-05-07T11:48:58","date_gmt":"2014-05-07T15:48:58","guid":{"rendered":"https:\/\/peakinsuranceadvisors.com\/?p=1050"},"modified":"2019-06-10T12:31:04","modified_gmt":"2019-06-10T16:31:04","slug":"cobra-health-insurance-pitfall","status":"publish","type":"post","link":"https:\/\/peakinsuranceadvisors.com\/cobra-health-insurance-pitfall\/","title":{"rendered":"IMPORTANT COBRA HEALTH INSURANCE PITFALL"},"content":{"rendered":"<h1><strong>IMPORTANT COBRA HEALTH INSURANCE PITFALL<\/strong><\/h1>\n<h2>COBRA and NYS Continuation Coverage is what allows employees to continue the health coverage they received from their employer once they are no longer employed. Employees are responsible for the full cost of premiums PLUS 2% admin fee for up to 36 months post-employment.<\/h2>\n<p>One newly discovered COBRA <a title=\"Small Group Health Insurance\" href=\"https:\/\/peakinsuranceadvisors.com\/new-york-long-island-business-insurance\/group-health-insurance\/\" target=\"_blank\" rel=\"noopener noreferrer\">Health Insurance<\/a> Pitfall of the new ACA\/ <a title=\"Individual Health Insurance\" href=\"https:\/\/peakinsuranceadvisors.com\/personal\/individual-health-insurance\/\" target=\"_blank\" rel=\"noopener noreferrer\">Obamacare<\/a> rules state that if an employee elects to take COBRA, they can\u2019t choose an individual market plan later. They must wait until COBRA either expires, renews, or when the next Open Enrollment Period arrives. This is because Voluntary Termination of COBRA \u00a0is not considered a Qualifying Event, preventing those on it from moving to possible lower cost plans and qualifying for possible subsidies until COBRA ends.<\/p>\n<p>We recommend to all employees losing coverage from their jobs that are considering COBRA to call us first at <strong>631-207-1800<\/strong> to discuss your options with Licensed Insurance Professionals at Peak Advisors. Going on COBRA might be the obvious choice, but you must consider the repercussions first. Call us TODAY for assistance with your health insurance.<\/p>\n<p>&#8211;<a title=\"About Us\" href=\"https:\/\/peakinsuranceadvisors.com\/about-us\/\" target=\"_blank\" rel=\"noopener noreferrer\">Jim Eckardt<\/a><\/p>\n<p>President<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IMPORTANT COBRA HEALTH INSURANCE PITFALL COBRA and NYS Continuation Coverage is what allows employees to continue the health coverage they received from their employer once they are no longer employed. Employees are responsible for the full cost of premiums PLUS 2% admin fee for up to 36 months post-employment. One newly discovered COBRA Health Insurance [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"mc4wp_mailchimp_campaign":[],"footnotes":""},"categories":[339,1679],"tags":[],"class_list":["post-1050","post","type-post","status-publish","format-standard","hentry","category-small-business-health-insurance","category-small-business-health-insurance-ny"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.4 (Yoast SEO v24.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cobra Health Insurance Pitfall<\/title>\n<meta name=\"description\" content=\"Cobra Health Insurance Pitfall Article from Peak Advisors, Inc.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/peakinsuranceadvisors.com\/cobra-health-insurance-pitfall\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMPORTANT COBRA HEALTH INSURANCE PITFALL\" \/>\n<meta property=\"og:description\" content=\"Peak Advisors specializes in affordable small group health insurance \/ small business health insurance plans and is here to assist you in comparing, obtaining, and servicing all of your New York business insurance needs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/peakinsuranceadvisors.com\/cobra-health-insurance-pitfall\/\" \/>\n<meta property=\"og:site_name\" content=\"New York Health Insurance - 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